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OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Supplemental Cash Flow Elements [Abstract] |
Schedule of Cash Flow, Supplemental Disclosures |
| Nine Months Ended September 30,
(in millions) | 2024 |  | 2023
OPERATING ACTIVITIES OF CONTINUING OPERATIONS |  |  |
Net earnings | $ | 787 |  |  | $ | 520 |
Net loss from discontinued operations | (27) |  |  | (12) |
Net earnings from continuing operations | 814 |  |  | 532 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: |  |  |
Depreciation and tooling amortization | 444 |  |  | 376 |
Intangible asset amortization | 51 |  |  | 51 |
Restructuring expense, net of cash paid | 8 |  |  | 61 |
Stock-based compensation expense | 46 |  |  | 50 |
Gain on debt extinguishment | (3) |  |  | (28) |
Loss (gain) on sale of businesses | 3 |  |  | (5) |
Deferred income tax (benefit) expense | (79) |  |  | 19 |
Unrealized and realized loss on equity and debt securities | — |  |  | 129 |
Other non-cash adjustments | 2 |  |  | (80) |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations | 472 |  |  | 573 |
Retirement plan contributions | (16) |  |  | (13) |
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: |  |  |
Receivables | (83) |  |  | (767) |
Inventories | (54) |  |  | (126) |
Prepayments and other current assets | (25) |  |  | (16) |
Accounts payable and accrued expenses | (307) |  |  | 301 |
Prepaid taxes and income taxes payable | (58) |  |  | (44) |
Other assets and liabilities | (43) |  |  | 70 |
Net cash provided by operating activities from continuing operations | $ | 700 |  |  | $ | 510 |
SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
Cash paid during the period for: |  |  |
Interest | $ | 96 |  |  | $ | 105 |
Income taxes, net of refunds | $ | 268 |  |  | $ | 284 |
| Balance as of:
Non-cash investing transactions: | September 30, 2024 |  | December 31, 2023
Period end accounts payable related to property, plant and equipment purchases | $ | 106 |  |  | $ | 124 |

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